Articles from BBX Capital, Inc.

BBX Capital, Inc. (OTCID: BBXIA; BBXIB) (the “Company”) announced today the final results of its cash tender offer to purchase shares of its Class A Common Stock and Class B Common Stock at a purchase price of $4.00 per share. The tender offer expired at 5:00 P.M., Eastern time, on Wednesday, July 8, 2026.

BBX Capital, Inc. (OTCID: BBXIA; BBXIB) (the “Company”) announced today that it intends to commence a cash tender offer to purchase up to 3,500,000 shares of its Class A Common Stock and Class B Common Stock in the aggregate at a purchase price of $4.00 per share. The proposed offer price represents a premium of approximately 32% to the $3.02 per share closing price of the Company’s Class A Common Stock on June 2, 2026 and a premium of approximately 15% to the $3.49 per share closing price of the Company’s Class B Common Stock on June 2, 2026.

BBX CAPITAL, INC. (“BBX Capital” or the “Company”) (OTCQX:BBXIA ) (PINK: BBXIB) announced today that it is taking steps aimed to preserve its strong cash position in light of the economic challenges ahead which it expects will have a significant impact on its operating subsidiaries. At December 31, 2024, the Company had approximately $87.7 million in cash and cash equivalents.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the third quarter ended September 30, 2024.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the second quarter ended June 30, 2024.

BBX Logistics Properties, the logistics development subsidiary of BBX Capital Real Estate and BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), and FRP Development Corp, a Jacksonville-based full-service real estate investment and development company, announced today the successful acquisition of Signature Grand in Davie, FL. A joint venture between BBX Logistics Properties and FRP Development Corp intends to redevelop the 11.3-acre site into The Park at Davie, consisting of two buildings and approximately 182,000-square-feet of logistics space.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the first quarter of 2024.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the fourth quarter and year ended December 31, 2023.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) announced today the final results of its cash tender offer to purchase up to 500,000 shares of its Class A Common Stock at a purchase price of $8.00 per share. The tender offer expired at 5:00 P.M., Eastern time, on Wednesday, December 20, 2023.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) announced today the preliminary results of its cash tender offer to purchase up to 500,000 shares of its Class A Common Stock at a purchase price of $8.00 per share. The tender offer expired at 5:00 P.M., Eastern time, on Wednesday, December 20, 2023.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (the “Company”) announced today that it intends to commence a cash tender offer to purchase up to 500,000 shares of its Class A Common Stock at a purchase price of $8.00 per share. The closing price of the Company’s Class A Common Stock on November 14, 2023 was $7.75 per share.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the third quarter of 2023.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (the “Company”) announced today that the Company plans to release its financial results for the third quarter of 2023 in a press release to be issued after market close on Wednesday, November 8, 2023.

BBX Logistics Properties, a logistics development firm specializing in identifying high barrier to entry, infill locations in Florida and other Eastern U.S. markets and a wholly-owned subsidiary of BBX Capital Real Estate and BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), today announced the formation of a joint venture with PCCP, LLC, a real estate finance and investment management firm, and the successful acquisition of approximately 40 acres of land north of Atlantic Avenue on U.S. 441 in Delray Beach, Florida. The joint venture intends to develop the site, which is entitled with rights to build up to 672,533 square feet (sf) of logistics space, into BBX Park at Delray, a logistics facility expected to be comprised of three buildings. The initial phase of the project is expected to be construction of an approximately 200,000 sf building, with plans to construct the two additional buildings in the future.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the second quarter of 2023.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (the “Company”) announced today that the Company plans to release its financial results for the second quarter of 2023 in a press release to be issued after market close on Wednesday, August 9, 2023.

BBX Capital Real Estate, a wholly-owned subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), today announced that a joint venture sponsored by The Altman Companies had completed the sale of Altis Ludlam Trail, a 312-unit multifamily apartment community located in Miami, Florida.

The Altman Companies, a wholly-owned subsidiary of BBX Capital Real Estate and BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), announced today that BBX Capital Real Estate and The Altman Companies had formed a joint venture with affiliates of Harbor Group International, LLC (“HGI”), a privately owned international real estate investment and management firm, to develop Altis Twin Lakes, in Orlando, Florida.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the first quarter of 2023.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (the “Company”) announced today that the Company plans to release its financial results for the first quarter of 2023 in a press release to be issued after market close on Wednesday, May 10, 2023.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the fourth quarter and year ended December 31, 2022.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (the “Company”) announced today that the Company plans to release its financial results for the fourth quarter and full year ended December 31, 2022 in a press release to be issued after market close on Wednesday, March 15, 2023.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) announced today the final results of its cash tender offer to purchase up to 1,000,000 shares of its Class A Common Stock at a purchase price of $10.00 per share. The tender offer expired at 5:00 P.M., Eastern time, on Wednesday, December 21, 2022.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) announced today the preliminary results of its cash tender offer to purchase up to 1,000,000 shares of its Class A Common Stock at a purchase price of $10.00 per share. The tender offer expired at 5:00 P.M., Eastern time, on Wednesday, December 21, 2022.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (the “Company”) announced today that the Company plans to announce its financial results for the quarter ended September 30, 2022, in a press release to be issued after market close on Wednesday, November 9, 2022.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the quarter ended June 30, 2022.

BBX Capital Real Estate, a wholly-owned subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), today announced that its Altis Miramar East/West joint venture had completed the sale of Altis Miramar, a 320-unit multifamily apartment community located in Miramar, Florida, and Altra Miramar, a 330-unit multifamily apartment community adjacent to Altis Miramar. In connection with the closing of the transaction, BBX Capital Real Estate received a net cash distribution of approximately $16.4 million from the joint venture.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (the “Company”) announced today that the Company plans to announce its financial results for the quarter ended June 30, 2022, in a press release to be issued after market close on Tuesday, August 9, 2022.

BBX Capital Real Estate, a wholly-owned subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), today announced that its Altis Little Havana joint venture had completed the previously announced sale of Altis Little Havana, a 224-unit multifamily apartment community located in Miami, Florida. As a result of the transaction, BBX Capital Real Estate expects to receive a net cash distribution of approximately $9.5 million from the joint venture and recognize equity earnings from its investment in the venture of approximately $8.4 million during the quarter ended June 30, 2022.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the quarter ended March 31, 2022.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“the Company”) announced today that the Company plans to announce its financial results for the first quarter of 2022 in a press release to be issued after market close on Tuesday, May 10, 2022.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the fourth quarter and year ended December 31, 2021.

BBX Capital Inc. (“BBX Capital” or the “Company”) (OTCQX: BBXIA) (PINK: BBXIB) announced today that its Board of Directors has approved a share repurchase program which authorizes the repurchase of shares of the Company’s Class A and Class B Common Stock for a total amount of up to $15.0 million. The repurchase program authorizes the Company, in management’s discretion, to repurchase shares from time to time subject to market conditions and other factors.

BBX Capital Real Estate (“BBXRE”), a wholly-owned subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) and an owner of 50% of the equity interests in The Altman Companies, a developer and manager of multifamily apartment communities, announced today that The Altman Companies has broken ground to develop Altís Blue Lake in West Palm Beach, Florida.

BBX Capital Real Estate (“BBXRE”), a wholly-owned subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) and an owner of 50% of the equity interests in The Altman Companies, a developer and manager of multifamily apartment communities, announced today that The Altman Companies has broken ground to develop Altís Grand at Suncoast in Lutz, Florida, a submarket of Tampa.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) announced today that the Company plans to participate in the upcoming Sidoti & Company Winter Virtual Small Cap Conference on January 19 and 20, 2022.

IT’SUGAR, a subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), announced today that it has opened its newest retail location at the Ala Moana Center in Honolulu, Hawaii. The 18,000 square foot location is IT’SUGAR’s second candy department store and features over 30 candy stations, a branded Sour Patch® shop, a branded OREO® department, and a TikTok area.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” and, together with its subsidiaries, the “Company”) reported today its financial results for the quarter ended September 30, 2021.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“the Company”) announced today that the Company plans to announce its financial results for the third quarter of 2021 in a press release to be issued after market close on Monday, November 15, 2021.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) announced today that its Board of Directors has approved an increase in the Company’s existing share repurchase program from $10 million of shares of the Company’s Class A and Class B Common Stock to $20 million of shares of the Company’s Class A and Class B Common Stock.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital”) announced today that its Board of Directors has appointed Ms. Marcia Barry-Smith to the Board of Directors.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“the Company”) announced today that the Company plans to announce its financial results for the second quarter of 2021, in a press release to be issued after market close on Tuesday, August 10, 2021.

IT’SUGAR, a subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), announced today the appointment of Mr. Mike Koempel as its Chief Operating Officer.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) announced today the final results of its cash tender offer to purchase up to 3,500,000 shares of its Class A Common Stock at a purchase price of $8.00 per share. The tender offer expired at 5:00 P.M., New York City time, on Friday, July 9, 2021.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) announced today the preliminary results of its cash tender offer to purchase up to 3,500,000 shares of its Class A Common Stock at a purchase price of $8.00 per share. The tender offer expired at 5:00 P.M., New York City time, on Friday, July 9, 2021.

BBX Capital Real Estate (“BBXRE”), a wholly-owned subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), today announced that its Altis Grand at The Preserve joint venture, which was sponsored by The Altman Companies, had completed the sale of Altis Grand at The Preserve, its 350-unit multifamily apartment community located in Odessa, Florida. As a result of the transaction, BBXRE received a cash distribution of approximately $5.8 million from the joint venture and expects to recognize equity earnings from its investment in the venture of approximately $4.9 million during the quarter ended September 30, 2021.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) announced today that it has amended its previously announced tender offer for shares of its Class A Common Stock to increase the offer price from $6.75 per share in cash to $8.00 per share in cash, in each case, less applicable withholding taxes and without interest. In addition, the amount of shares sought to be purchased in the tender offer has been decreased from 4,000,000 shares to 3,500,000 shares. In connection with the amendment, the Company has extended the expiration time of the tender offer from 5:00 p.m., Eastern time, on Wednesday, June 23, 2021 until 5:00 p.m., Eastern time, on Friday, July 9, 2021 (unless further extended or earlier terminated).

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) announced today that IT’SUGAR LLC and its wholly owned subsidiaries (collectively, “IT’SUGAR”) have emerged from bankruptcy and BBX Capital has reacquired control of IT’SUGAR and will again consolidate the results of IT’SUGAR into its financial statements.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) announced today that, on June 11, 2021, the United States Bankruptcy Court for the Southern District of Florida (the “Bankruptcy Court”) announced its intention to enter an order (the “Confirmation Order”) confirming the plan of reorganization filed by IT’SUGAR LLC and its wholly owned subsidiaries (collectively, “IT’SUGAR”) as modified by the Confirmation Order (the “Plan”). As previously announced, on September 22, 2020, IT’SUGAR filed petitions for voluntary relief under Chapter 11 of Title 11 of the United States Bankruptcy Code (“Chapter 11”) in the Bankruptcy Court.

BBX Capital, Inc. (OTCQX: BBXIA) (OTC Pink: BBXIB) (“BBX Capital”) announced today that it intends to commence a cash tender offer to purchase up to 4,000,000 shares of its Class A Common Stock at a purchase price of $6.75 per share. The closing price of BBX Capital’s Class A Common Stock on May 21, 2021, the last trading day prior to today’s announcement, was $6.17 per share. The shares proposed to be purchased in the tender offer represent approximately 26.6% of the total number of outstanding shares of BBX Capital’s Class A Common Stock and the total purchase price for the shares would be $27 million. If the tender offer is commenced and completed and more than 4,000,000 shares are tendered in the tender offer, then, subject to the terms and conditions of the tender offer, BBX Capital will purchase shares from shareholders who properly tender shares on a pro rata basis based on the aggregate number of shares tendered.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or “the Company”) reported today its financial results for the quarter ended March 31, 2021.

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or “the Company”) announced today that the Company plans to release its financial results for the quarter ended March 31, 2021 in a press release to be issued after market close on Monday, May 10, 2021.